§ 1405. Noncomplying name of foreign enterprise

(a) A foreign enterprise whose name does not comply with section 111 of this title may not obtain a certificate of authority until it adopts, for the purpose of transacting business in this State, an alternative name that complies with section 111. A foreign enterprise that adopts an alternative name under this subsection and then obtains a certificate of authority with that name need not also comply with 11 Vt. Stat. Ann. chapter 15. After obtaining a certificate of authority with an alternative name, a foreign enterprise’s business in this State shall be transacted under that name unless the foreign enterprise is authorized under 11 Vt. Stat. Ann. chapter 15 to transact business in this State under another name.

(b) If a foreign enterprise authorized to transact business in this State changes its name to one that does not comply with section 111 of this title, it may not thereafter transact business in this State until it complies with subsection (a) of this section and obtains an amended certificate of authority. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)